lease tank

lease tank

[′lēs ‚taŋk]
(petroleum engineering)
An oil-field storage tank that stores oil flowing from designated wells. Also known as production tank.
References in periodicals archive ?
For transporting chemical or petroleum-based commodities to the end users, various industries continue to lease tank cars.
Considerable Demand in the Food and Beverages Industry For transporting chemical or petroleum-based commodities to the end users, various industries continue to lease tank cars.
Oxygen is usually found in oils produced from pumping wells and stored in lease tanks exposed to air through open roof hatches or transported by trucks.